Oregon Pacific Bancorp Declines
Troubled Assets Relief Program Funds
April 10, 2009 – Florence, Oregon

Oregon Pacific Bancorp was granted approval by the US Treasury for up to $4.024 million from the Troubled Asset Relief Program (TARP) Capital Purchase Program.

However, at a recent meeting, the Board of Directors of Oregon Pacific Bancorp voted to not participate in the program. After careful consideration of both the benefits and the requirements for participation, the Board decided, that based on the sound financial condition of Oregon Pacific Bank, the wholly owned subsidiary of Oregon Pacific Bancorp, it was in the best interest of the shareholders to not accept the funds.

Jim Clark, President and Chief Executive Officer for the Bank, said, “Though the additional capital may have allowed the Bank to grow, the Board of Directors felt that the Bank is more than adequately capitalized for loan growth in the markets it currently serves.”

Oregon Pacific Bank is a community bank that partners with local business and consumer customers to meet their financial services needs. Oregon Pacific Bank is committed to providing outstanding and relevant service through meaningful personal relationships with its customers. Headquartered in Florence, Oregon, with branches in Roseburg, Coos Bay and Florence, Oregon Pacific Bank offers a wide array of financial services including traditional banking, business, real estate and consumer lending, trust and asset management and brokerage services. Oregon Pacific Bank was established in 1979 as a State Chartered Bank and is a member of the Federal Reserve System.

Oregon Pacific Bancorp is the holding company for Oregon Pacific Bank, and is a publicly held institution traded OTC under the symbol of ORPB.

For more information call (800) 997-7121.